- Giyani Metals Corp. (EMM) has signed a design-build contract with Met63 (Pty) for the construction of a demonstration plant
- The contract covers the engineering, construction and commissioning of the demo plant, on an open book and cost-reimbursable basis
- The company plans to use its existing cash resources to fund this capital expenditure of approximately US$9.2 million
- Giyani is a mineral resource company focused on becoming one of Africa’s first low-carbon producers of high-purity manganese sulphate for the expanding EV market
- Giyani Metals Corp. was up 1.515 per cent, trading at C$0.335 as at 9:31 AM ET
Giyani Metals (EMM) has signed a contract with South African-based hydrometallurgical engineering firm Met63 (Pty) for the construction of a demonstration plant.
The scope of the contract includes the engineering, construction and commissioning of the demo plant, on an open book and cost-reimbursable basis.
The company plans to use its existing cash resources to fund this capital expenditure of approximately US$9.2 million, plus incentives for Met63 based on delivery of the demo plant on time, within budget and specification.
The demo plant is designed for a continuous process so that HPMSM crystals meeting the stringent product specifications set by potential off-takers can be produced in a steady state operation.
To support the continuous process, the demo plant will be equipped with a sophisticated instrumentation and control system that also provides the flexibility to use the demo plant for de-risking the commercial plant development and as a training facility.
The demo plant can produce up to 600kg of dry HPMSM crystals per day depending on feedstock characteristics.
Met63 and the company have selected a construction site in Johannesburg where the demo plant will be commissioned and operated before expected relocation to Botswana.
The company intends to dispatch HPMSM product to potential off-takers in the European, North American and Asian markets, a number of whom have already requested samples.
“The demonstration plant is a cornerstone of our strategy for full commercial development., whose objectives are to validate our process flowsheet, de-risk commercial development of K.Hill and facilitate off-take contracts with battery and OEM customers,” noted Robin Birchall, CEO of the company.
“Signing this contract with Met63 is another step towards production and first shipments of HPMSM in the second half of 2023,” he added.
Giyani is a mineral resource company focused on becoming one of Africa’s first low-carbon producers of high-purity manganese sulphate precursor materials directly from manganese oxide ore, used by battery manufacturers for the expanding EV market.
Met63 is a technology-based engineering and consulting company with expertise in providing tailored engineering solutions utilizing innovative and cost-effective mineral processing options.
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide.
Giyani Metals Corp. was up 1.515 per cent, trading at C$0.335 as at 9:31 AM ET.
